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Why Tesla Stock Continued Its Freefall Today


(NASDAQ: TSLA) stock has been in freefall, and that accelerated today. Shares of the electric vehicle (EV) leader are now lower by more than 15% so far this year. As of 1:40 p.m. ET, Tesla shares were down by 5.3% on the day.

The recent decline comes as CEO Elon Musk has stayed in the spotlight more for his work in Washington, D.C., than at Tesla headquarters. But today's share decline comes from a combination of reasons.

Investors received news of what could be yet another distraction for Musk from his work at Tesla. The Tesla CEO is leading a group proposing to buy artificial intelligence (AI) developer OpenAI. Musk was one of OpenAI's founders but has more recently been feuding with Sam Altman. Altman is another of the company's founders and remains its CEO. Musk's $97.4 billion bid for the company was met with defiance from Altman.

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Source Fool.com

Tesla Inc Aktie

269,85 €
0,84 %
Die Tesla Inc Aktie erlebt heute einen kleinen Anstieg von 0,84 %.
Die Community sieht Tesla Inc leicht positiv: Mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 410 € für Tesla Inc würde eine Steigerung von mehr als 50% gegenüber dem aktuellen Kurs von 269.85 € bedeuten.
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